CoreCap Advisors LLC Sells 4,103 Shares of Costco Wholesale Co. (NASDAQ:COST)

CoreCap Advisors LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 41.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,793 shares of the retailer's stock after selling 4,103 shares during the period. CoreCap Advisors LLC's holdings in Costco Wholesale were worth $5,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter worth $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after acquiring an additional 16 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho initiated coverage on Costco Wholesale in a research note on Friday, April 11th. They issued a "neutral" rating and a $975.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Truist Financial upped their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research report on Friday, March 7th. Loop Capital decreased their price objective on Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI increased their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Ten analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.

Insiders Place Their Bets

In other news, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the transaction, the executive vice president now owns 43,994 shares of the company's stock, valued at $43,161,193.58. The trade was a 8.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,600 shares of company stock valued at $9,140,195. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 0.4 %

NASDAQ:COST opened at $1,010.50 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm's 50-day moving average price is $960.88 and its 200-day moving average price is $961.18. The company has a market capitalization of $448.34 billion, a PE ratio of 59.34, a P/E/G ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a 1-year low of $755.57 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. On average, equities analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a dividend of $1.30 per share. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale's payout ratio is presently 30.36%.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.

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